African Export-Import Bank

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African Export-Import Bank
Type Private company
Industry Finance
Founded 1993
Headquarters El Maahad El Eshteraky Street, Heliopolis, Cairo, Egypt.
Key people Jean-Louis Ekra
Chairman & CEO
Benedict O. Oramah
Executive Vice-President, Business Development & Corporate Banking
Denys Denya
Executive Vice-President, Finance, Administration & Banking Services
Products International Trade and Development Finance
Revenue Increase Net US$20.5 million (2013)
Total assets US$4.4+ billion (2013)
Owners African Governments
African Businesses
Non-African Financial Institutions
African & Non-African Individuals
Website Homepage

African Export-Import Bank, also refereed to as Afreximbank, is an International financial institution, headquartered in Cairo, Egypt, whose primary objective is to promote and finance trade within the African continent and trade between Africa and other continents.

Location[edit]

The headquarters of Afreximbank are located at 72 (B) El Maahad El Eshteraky Street, in the Heliopolis neighborhood in the city of Cairo, the capital and largest city in Egypt. The bank maintains a second branch at 2 Gnassingbe Eyadema Street, Asokoro, Abuja, the capital city of Nigeria. The bank's third branch is located at Eastgate Building, Third Floor, North Wing, Gold Bridge, in Harare, the capital and largest city in Zimbabwe.[1]

Overview[edit]

Africa Export-Import Bank is a large multilateral financial service organization, with total assets valued at US$4.4 billion and shareholders' equity of US$707 million, as of December 2013.[2]

Shareholding[edit]

As of June 2013, the bank's shareholders, totaling 125, were divided into four categories:[3][4]

  • Class "A" Shareholders - African Governments, African Central Banks and African Regional Institutions.
  • Class "B" Shareholders - African Private Investors and African Financial Institutions.
  • Class "C" Shareholders - Non-African Financial Institutions, Export Credit Agencies and Private Investors
  • Class “D” Shareholders - Other Institutions and Individuals.[5]

See also[edit]

References[edit]

  1. ^ Afreximbank, . "Afreximbank: Headquarters And Branches". AfrExImBank.Com/Afrexim/En (Afreximbank). Retrieved 25 August 2014. 
  2. ^ The Editor, Editor (11 June 2014). "Shareholders Raise Afreximbank’s Capital, Reinvest US$20.5 Million Dividend". Business Day Online (Nigeria). Retrieved 25 August 2014. 
  3. ^ Afreximbank, . "Afreximbank: Shareholding Structure And Shareholders". AfrExImBank.Com (Afreximbank). Retrieved 25 August 2014. 
  4. ^ Reuters, . (17 October 2013). "Fitch Affirms African Export-Import Bank At 'BBB-'; Outlook Negative". Thomson Reuters. Retrieved 25 August 2014. 
  5. ^ Business, Reporter (10 December 2012). "Afreximbank Capital Bid Gets Nod". The Herald (Harare) ©2013 The Herald. 

External links[edit]